What is the Residential Nil Rate Band (RNRB)?

The RNRB is an additional inheritance tax allowance available to individuals who are leaving their home to their lineal descendants. Lineal descendants include; your children, stepchildren, adopted children, foster children, grandchildren and great grandchildren. The maximum RNRB currently available to deaths this year is £150,000 and is set to increase to £175,000 in the 2020/21 […]

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